https://www.propertyinvesting.com/members/mitchb/activity/ Activity feed for MitchB. Mon, 13 Apr 2026 10:44:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0f6b0e693033b78a6a25fad2d6c62a6f https://www.propertyinvesting.com/topic/4402707-tax-advice-needed/#post-4641279 Tue, 08 Feb 2011 08:25:09 +0000 Thanks IP Freely,Great name by the way. I am from QLD so I will search for a QLD Fair Trading Website for a lease template. I will ask my accountant about question 2 as it is the most important one. I have heard of instances where the tax office has ruled that because an IP was rented at below market value the person could not claim the full…[Read more]

]]> 0d317fa842500114565c8df96d44ee9d https://www.propertyinvesting.com/topic/4402319-gifting-money-to-a-trust/#post-4638920 Sun, 09 Jan 2011 07:21:09 +0000 Thanks Terry,My wife and I don't have any personal debt other than one IP which is in our name. I plan to keep this property geared as high as possible to maximise our personal tax benefits and try to get the IP's in the trust's name + geared. At the moment the money we are gifting to the trust is after tax dollars however when we use equity from…[Read more]

]]> d1fa69f3216e07effd67d5b676e7ad3b https://www.propertyinvesting.com/topic/4402319-gifting-money-to-a-trust/#post-4638918 Wed, 05 Jan 2011 10:40:25 +0000 Thanks Andrew I will give it a go.Mitch

]]> bcebaefa4ea0cf720fca8b35bc20d209 https://www.propertyinvesting.com/topic/4402324-investing-to-offset-tax-which-suburbs-in-qld/#post-4638942 Sun, 02 Jan 2011 05:19:53 +0000 Hi Louiero,I would suggest that you first do some reading/research into property investing. There are many great books out there that will explain the pros and cons of everything real estate. Once armed with this information you will be able to make an informed decision on what it is you want.There are no magic formulas that will tell you whether…[Read more]

]]> 058995dc2070044234e5ed72f3e4f905 https://www.propertyinvesting.com/topic/4402292-accountant-needed-8/#post-4638746 Fri, 31 Dec 2010 12:18:26 +0000 Hi Maurice,Ok I guess it would be smarter for me to let an accountant handle the tax returns. I was under the impression I could claim all setup costs as an expense in the first year and carry the loss forward so I was thinking about completing my own tax return for the company (I assumed it would be easy as there is no income and only a few…[Read more]

]]> b83a09b3c8097cac1e723be130a8aa0f https://www.propertyinvesting.com/topic/4402292-accountant-needed-8/#post-4638743 Thu, 30 Dec 2010 10:05:43 +0000 Olli,I guess you were writing that for me so thanks. I will take the time to do some research on both.Mitch

]]> cc96a187a181f0bc35f5137d3a1491b5 https://www.propertyinvesting.com/topic/4402292-accountant-needed-8/#post-4638741 Thu, 30 Dec 2010 09:22:14 +0000 Thanks for the advice Maurice,Another quick question. Do I have to complete a tax return for the trust AND company every year or just the trust? I assume I can claim the cost of setting up the company (and yearly costs associated with it) when I fill out the company tax return?? Can I carry the loss forward (just for the company, I know I can do…[Read more]

]]> 5b5b1478a9742839870cd0ffb9922b4b https://www.propertyinvesting.com/topic/4402292-accountant-needed-8/#post-4638739 Thu, 30 Dec 2010 07:59:03 +0000 Thanks Richard,I will give him a call in the new year. I am also a bit worried about getting my tax done for the company and trust. I have already done my personal tax (I realise now that I should get the trust tax done first) however the trust made a loss this year so this shouldn't  be too much of a drama should it? Thanks again for your help I…[Read more]

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